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Benzinga

Business

Henry Khederian

Why Facebook (Meta Platforms), Twitter And Snap Shares Are Rising Today

Twitter Inc. SNAP NYSE FB Meta Snap Inc

Shares of social media companies, including Meta Platforms Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP), are all trading higher in sympathy with the overall market amid continued volatility stemming from the Russia-Ukraine conflict.

US indices are also trading higher amid continued volatility on Ukraine-Russia concerns. A pullback in oil prices following the recent crude rally has helped alleviate some concerns of rising commodity costs. US President Joe Biden Tuesday announced a ban on Russian Russian oil, natural gas and coal imports.

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